论虚拟经济视角下的货币危机

随着经济货币化和金融创新的巨大发展,虚拟经济作为一种新的经济形态在当代获得了迅猛发展并与实物经济逐渐过度背离。本文作者通过提出一种新的金融资产的分类方法,并在对格利—肖动态金融模型做出简单修正从而引入五市场模型的基础上,着重对货币危机发生的机理进行短期分析,论证了虚拟经济与实物经济的过度背离是当代货币危机发生的重要原因,其直接根源在于这种过度背离超过了处于介稳状态的虚拟经济系统的临界点。

On the Monetary Crisis in Terms of Virtual Economy

As a new sort of economy,the development fictitious economy makes fictitious economy divert far away from virtual economy unduly.This article presents a new method to divide financial assets into two sorts,makes a simple development of Greyly and Shaw's dynamic financial model and introduces the five market models,on the base of it to emphatically analyze monetary crisis in the short time and from a new aspect,argues that fictitious economy's diversion too far away from virtual economy is the main cause of monetary crises of the time.Furthermore,the authors point out the direct cause is that the overly far diversion between them surpasses the critical status in the system of fictitious economy.